Outlook uncertainty due to foreign exchange rates, share prices and policy changes
First written in FY2017-Q1. 15 of 20 entries say "Restated". Latest entry: 2026-09-25.
The whole theme swung hardest in 2020: 42 of 61 companies on the "Worse" side.
67 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「Regarding the outlook, cautious purchasing activity driven by household budget concerns and a preference for lower-priced products are expected to continue due to higher prices against a backdrop of international geopolitical risks and other factors.」
In addition to previously cited factors such as rising prices, international geopolitical risks were explicitly identified as a backdrop, and an outlook was stated that cautious purchasing activity and a preference for low-priced products would continue. - 2026-04-10RestatedEarnings
「The economy continued to operate amid lingering uncertainty about the outlook owing to a combination of factors, including high prices, labor shortages and the ever-changing international situation.」
物価高、人手不足及び国際情勢による先行き不透明感を記載した。 - FY2025RestatedAnnual report
「Regarding the outlook, although the economy is expected to remain on a recovery path, cautious purchasing activity driven by a desire to protect household finances and a continued preference for low-priced products are expected as concerns grow that consumer sentiment will weaken due to rising prices and other factors.」
Rising prices, weakening consumer sentiment, cautious purchasing activity and a preference for low-priced products continued to be cited as factors contributing to an uncertain business environment. - FY2024RestatedAnnual report
「Regarding the outlook, although the economy is expected to remain on a recovery path, cautious purchasing activity driven by a desire to protect household finances and a continued preference for low-priced products are expected as concerns grow that consumer sentiment will weaken due to rising prices and other factors.」
Rising prices, weakening consumer sentiment, cautious purchasing activity and a preference for low-priced products continued to be cited as factors contributing to an uncertain business environment. - FY2022RestatedAnnual report
「Regarding the outlook, while the impact of COVID-19 is expected to continue, cautious purchasing activity driven by a desire to protect household finances and a continued preference for low-priced products are expected as concerns grow that consumer sentiment will weaken due to rising prices caused by foreign exchange fluctuations and declining real wages.」
Factors contributing to the uncertain outlook, including COVID-19, price increases caused by foreign exchange fluctuations, declining real wages and weakening consumer sentiment, continued to be noted. - FY2021-Q1WorsenedAnnual report
「In addition, first-quarter performance showed a high level of progress due to the impact of COVID-19, but we believe it remains difficult to predict the impact on performance from the second quarter onward.」
It was noted that first-quarter progress was high due to COVID-19, while the impact on performance from the second quarter onward was difficult to predict. Changes were also seen in existing external-environment risks, adding a new source of uncertainty to the previously noted uncertain outlook. - FY2020WorsenedAnnual report
「Regarding the outlook, the economy is expected to become more challenging than at the end of the previous fiscal year. In addition, concerns that consumer sentiment may weaken due to higher prices resulting from foreign exchange fluctuations and the associated decline in real wages are expected to lead to continued cautious purchasing activity driven by household budget concerns and a preference for lower-priced products.」
In addition to the previously noted uncertain outlook, specific concerns were noted regarding worsening economic conditions, price increases caused by foreign exchange fluctuations, declining real wages and weakening consumer sentiment. - FY2019-Q3RestatedAnnual report
「During the cumulative first nine months of the fiscal year, the Japanese economy continued to recover moderately. However, the outlook remained uncertain due to US policies, economic trends in Asia, the planned future increase in the consumption tax rate and the occurrence of major natural disasters.」
The uncertain outlook attributable to US policy, the Asian economy, the consumption tax rate increase and large-scale natural disasters continued to be noted. - FY2019-Q2WorsenedAnnual report
「During the cumulative first six months of the fiscal year, the Japanese economy continued to recover moderately. However, the outlook remained uncertain due to US policies, economic trends in Asia, the planned future increase in the consumption tax rate and the occurrence of major natural disasters.」
In addition to the previously cited US policy, the Asian economy and the consumption tax rate increase, the occurrence of large-scale natural disasters was newly cited as a factor contributing to the uncertain outlook. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy continued to recover moderately. However, the outlook remained uncertain due to US policies, economic trends in Asia and the planned future increase in the consumption tax rate.」
The uncertain outlook continued to be noted. The factors cited this time were US policy, economic trends in Asia and the future consumption tax rate increase. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery path, but continued to face an uncertain outlook due to US policy, the political situation in Europe, economic trends in emerging Asian countries and the postponement of the consumption tax rate increase, among other factors.」
The uncertain outlook attributable to US policy, the political situation in Europe, economic trends in emerging Asian countries and the postponement of the consumption tax rate increase continued to be noted. - FY2018-Q3RestatedAnnual report
「During the cumulative first nine months of the fiscal year, the Japanese economy continued to recover moderately. However, the outlook remained uncertain due to US policies, the political situation in Europe, economic trends in emerging Asian economies and the postponement of the consumption tax rate increase.」
The uncertain outlook attributable to US policy, the political situation in Europe, economic trends in emerging Asian countries and the postponement of the consumption tax rate increase continued to be noted. - FY2018-Q2RestatedAnnual report
「During the cumulative first six months of the fiscal year, the Japanese economy continued to recover moderately. However, the outlook remained uncertain due to US policies, the political situation in Europe, economic trends in emerging Asian economies and the postponement of the consumption tax rate increase.」
The uncertain outlook continued to be noted. The factors cited this time were US policy, the political situation in Europe, economic trends in emerging Asian countries and the postponement of the consumption tax rate increase. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy continued to recover moderately. However, the outlook remained uncertain due to US policies, the political situation in Europe and the postponement of the consumption tax rate increase.」
The uncertain outlook continued to be noted. The factors cited this time were US policy, the political situation in Europe and the postponement of the consumption tax rate increase. - FY2017RestatedAnnual report
「During the fiscal year under review, the Japanese economy continued to recover moderately against the backdrop of economic policies implemented by the government and the Bank of Japan. However, the outlook remained uncertain due to the slowdown in the Chinese economy, the UK's decision to leave the EU, the US presidential election, foreign exchange market trends and the postponement of the consumption tax rate increase.」
The Chinese economy, the UK’s withdrawal from the EU, the US presidential election, foreign exchange rates and the postponement of the consumption tax rate increase continued to be cited as factors contributing to the uncertain outlook. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy continued to recover moderately against the backdrop of economic policies implemented by the government and the Bank of Japan. However, the outlook remained uncertain due to the slowdown in the Chinese economy, the UK's decision to leave the EU, the US presidential election, foreign exchange market trends and the postponement of the consumption tax rate increase.」
The uncertain outlook continued to be noted. The factors cited were the Chinese economy, the UK’s withdrawal from the EU, the US presidential election, foreign exchange rates and the postponement of the consumption tax rate increase. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy continued to recover moderately against the backdrop of economic policies implemented by the government and the Bank of Japan. However, the outlook remained uncertain due to the slowdown in the Chinese economy, the UK's decision to leave the EU, foreign exchange market trends and the postponement of the consumption tax rate increase.」
The uncertain outlook continued to be noted. The factors cited became more specific, shifting from the previously cited decline in share prices and other factors to the slowdown in the Chinese economy, the UK’s EU withdrawal issue, foreign exchange rates and the postponement of the consumption tax rate increase. - FY2017-Q1First statedAnnual report
「The Japanese economy remained on a gradual recovery path against the backdrop of economic policies implemented by the government and the Bank of Japan, but continued to face an uncertain outlook due to unstable foreign exchange markets, declining share prices and the postponement of the consumption tax rate increase.」
Unstable foreign exchange markets, declining share prices and the postponement of the consumption tax rate increase were cited as factors contributing to the uncertain outlook.